TY - JOUR
T1 - The role of assertiveness in portfolio risk and financial risk tolerance among married couples
AU - Gilliam, John
AU - Dass, Mayukh
AU - Durband, Dorothy Bagwell
AU - Hampton, Vickie
PY - 2010
Y1 - 2010
N2 - The financial risk tolerance of married couples was examined in order to determine if assertiveness impacted their financial decisions. Education, gender, asset ownership, relative income, and the wife's cohort were considered to ascertain the possible influence of these factors on a couple's assertiveness. Data were obtained from 110 couples using the Path 6 Profile and the Couples' Risk Tolerance Questionnaire. Although asset ownership and the wife's cohort affected the couple's assertiveness, assertiveness itself did not notably impact their combined financial or portfolio risk tolerance. However, wife's assertiveness did show a positive correlation with couple's mean age and a negative correlation with husband's income. Implications include communication strategies for couples when the wife was born between 1946 - 1967, has earned an advanced degree, and has had significant financial contribution to the family.
AB - The financial risk tolerance of married couples was examined in order to determine if assertiveness impacted their financial decisions. Education, gender, asset ownership, relative income, and the wife's cohort were considered to ascertain the possible influence of these factors on a couple's assertiveness. Data were obtained from 110 couples using the Path 6 Profile and the Couples' Risk Tolerance Questionnaire. Although asset ownership and the wife's cohort affected the couple's assertiveness, assertiveness itself did not notably impact their combined financial or portfolio risk tolerance. However, wife's assertiveness did show a positive correlation with couple's mean age and a negative correlation with husband's income. Implications include communication strategies for couples when the wife was born between 1946 - 1967, has earned an advanced degree, and has had significant financial contribution to the family.
KW - Assertiveness
KW - Financial planning
KW - Financial risk tolerance
KW - Investment risk
KW - Survey of Consumer Finances
UR - http://www.scopus.com/inward/record.url?scp=79958865134&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:79958865134
VL - 21
SP - 53
EP - 67
JO - Journal of Financial Counseling and Planning
JF - Journal of Financial Counseling and Planning
SN - 1052-3073
IS - 1
ER -